Binance founder Changpeng Zhao estimated that 10-20% of all Bitcoin mined are lost forever, which translates to around 2-4 million BTC.
This estimate is based on a total supply of 20.07 million BTC, with only 4.4% remaining to enter circulation.
Zhao deemed Bitcoin a 'deflationary asset' due to its capped supply and the ongoing loss of usable coins.
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